💥 Former U.S. President Donald Trump shook the financial markets again with new explosive statements.
🔻 What happened?
Trump announced a new wave of tariffs that could disrupt the global trade balance and pressured for total control over the Federal Reserve (FED). Here are the key points:
📦 New Tariffs:
🔸 35% for the European Union if previous agreements are not met.
🔸 India: imminent tariffs in the next 24 hours.
🔸 Pharmaceuticals: tariffs that will start 'soft' but could escalate to 250%.
🔸 Chips and semiconductors: new tariffs next week.
🗣 'We will start with soft tariffs on pharmaceuticals and then we will escalate,' said Trump.
🧠 Pressure on the FED:
Trump made clear his intention to directly influence monetary policy:
🔹 He labeled the FED as 'politicized.'
🔹 His favorite candidate to lead it is Kevin Warsh, although he mentioned 4 other names.
🔹 He will take advantage of Kugler's vacancy to appoint the next governor.
🔹 Scott Bessent, current head of the Treasury, is out of the list.
🔹 Kevin Hassett and Warsh are listed as favorites.
📰 When questioned about the manipulation of labor data following the dismissal of the head of the BLS, Trump responded:
'The White House must monitor the data. The job revision was a political move.'
💥 What does this mean for crypto?
⚠️ These tensions could increase volatility in traditional markets, driving alternative assets like Bitcoin and stablecoins. Additionally, political control over the FED could disrupt rate cut plans, directly affecting the dollar and risk appetite.
📌 Such protectionist measures and pressure on central banks could mark a turning point in U.S. economic policy, with immediate effects on stock markets, bonds, and, of course, cryptocurrencies.